by Editor | Oct 21, 2024 | General News
Even with affordability headwinds, builders remain optimistic about the future of the market. The share of builders cutting prices held steady at 32% in October. WASHINGTON — With inflation gradually easing and builders anticipating mortgage rates will moderate in...
by Editor | Oct 21, 2024 | General News
Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions. WASHINGTON —The latest report from Realtor.com found that the number of homes under contract last month rose 3.5%...
by Editor | Oct 21, 2024 | General News
By Laurel Wamsley Many forecasts have rates near 6% at the end of this year and falling to about 5.8% next year. The days of 3% and 4% rates appear to be over. WASHINGTON — You might expect that mortgage rates would be falling right now after the Federal Reserve cut...
by Editor | Oct 18, 2024 | General News
By Amy Connolly Disaster-response resources are available this week in more than 10 Florida counties to help businesses and residents. ORLANDO, Fla. — Home and business owners who need in-person help navigating hurricane-recovery resources can visit Florida Small...
by Editor | Oct 18, 2024 | General News
Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said. SEATTLE – Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three...
by Editor | Oct 18, 2024 | General News
Builder sentiment and easing monetary policy boosted single-family construction. Multifamily fell 9.4% due to tight financing and rising apartment completions. WASHINGTON —With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving,...
